Mirae Asset's Park Signs Petition to Reinstate Jensen Huang as Nvidia CEO

Mirae Asset chairman Park Hyeon-joo has signed "Stand With Jensen," an online petition demanding that Nvidia's board reinstate Jensen Huang as chief executive. Financial investment industry sources confirmed the signature on Tuesday. The petition asks the board to restore Huang until an independent investigation concludes and directors present grounds justifying his removal.

Park said it was premature to decide Huang's status while the investigation runs, according to the sources. He also argued the board should weigh the impact of a management change on investors. Korean investors hold roughly 30 trillion won in Nvidia-related investments, he noted.

What does Mirae Asset actually hold?

Mirae Asset Global Investments, Mirae Asset Securities' U.S. unit and other group affiliates hold about 17.44 million Nvidia common shares. As of September, the stake was valued at $3.98442 billion, or about 5.39 trillion won.

The firm frames its position as client advocacy rather than a direct bet. A Mirae Asset official said: "Mirae Asset does not hold Nvidia on its proprietary account, but we agree with the petition for the protection of clients and investors." In other words, the group's exposure sits in client portfolios, not on its own balance sheet.

Why did Huang leave?

Huang acknowledged an extramarital relationship in a message released to the company on Nov. 8, local time. Nvidia's board then launched an independent investigation into reports that a foreign intelligence agency had targeted Huang. The board accepted his resignation. Chief Financial Officer Colette Kress now serves as interim CEO.

The petition does not dispute the investigation. It disputes the timing of the removal. That distinction matters: signatories want the process finished before the leadership question is settled.

Who else has signed?

The petition has surpassed 110,000 signatures. Named signatories include:

• Elon Musk, chief executive of SpaceX and Tesla
• Tim Sweeney, CEO of Epic Games
• Garry Tan, CEO of Y Combinator
• Aidan Gomez, co-founder of Cohere

Nvidia shareholders and current and former employees have also signed. No figure breaks down how many signatures come from verified shareholders versus the public.

What are other investors asking the board?

Two U.S. fund managers published their own letter to Nvidia's board on X on Nov. 14. Brad Gerstner, CEO of Altimeter Capital, and Gavin Baker, founder of Atreides Management, asked the board not to rush the search for a successor. They also asked directors to leave open the possibility of Huang's return.

Their stakes are smaller than Mirae Asset's, though not marginal. As of the end of June, Altimeter held about 9.41 million Nvidia shares and Atreides about 1.25 million. Combined, that is roughly 10.66 million shares, against Mirae Asset group's 17.44 million.

What remains unanswered?

The board has not publicly responded to the petition. The independent investigation has no stated deadline. Nvidia has not said whether Kress is a candidate for the permanent role. The petition's signatories hold shares worth billions, but the board controls the succession process, and no governance mechanism obliges it to act on signatures alone.